There's an interesting new study out from Sun Life Financial that looks at how we currently think about healthcare during retirement.
The study doesn't pretend to give us answers. Its purpose is to see what or how we're approaching retirement healthcare issues.
At least we ARE thinking about it, or at least those of us coming up on retirement are.
But I have to admit, with my retirement date 7.5 years away, the only things I know for sure are that I will be eligible for Medicare (since I expect to retire at age 69, well beyond the date Medicare kicks in, at age 65) and I will have to pay for some level of additional coverage.
I'm not sure that qualifies as a "plan."
While I am lucky to have pretty good health benefits from my current employer, there will be no pension and no continued employer-paid healthcare when I leave. I will have Social Security, Medicare, and my 401 (k). Period.
Where I am fortunate is that I'm not among the 9% of the study responders who have already raided their retirement savings to cover unanticipated medical costs. As longtime readers know, my $47,000 quadruple by-pass surgery two years ago cost me a mere $50 in out-of-pocket medications and follow-up office visits.
At some point, I need to assign a dollar figure to what I will need and what I can get in additional health insurance coverage. To me, that's the point at which I will have a genuine plan.
I did find the study interesting when it posited that 53% of those responding are changing their lifestyle in more positive directions. I believe that, but I'm not sure I believe it is because these people are concerned about future health care costs.
For myself, I'm trying to get healthier because I can't stop getting older, and I'd like to stave off death as long as possible!